Tire maker Yokohama Rubber will be applying a revised version of its Procurement Policy for Sustainable Natural Rubber from September 2021.
The changes made will integrate the policy framework adopted by the Global Platform for Sustainable Natural Rubber (GPSNR) in September last year into Yokohama’s procurement policy, which was established in October 2018. The revision comes as the company seeks to contribute to a higher level of natural rubber sustainability.
In addition to its procurement policy changes, Yokohama Rubber has also been a participant in the Sustainable Natural Rubber Initiative (SNR-i) since 2017 and a member of GPSNR since 2018.
”Yokohama Rubber’s compliance with the GPSNR policy framework reflects their commitment to a fair, equitable and sustainable natural rubber value chain,” commented Stefano Savi, GPSNR platform director. “Since GPSNR finds 50% of the natural rubber demand represented in its membership, the adoption of the policy framework by Yokohama Rubber and other member companies is a step ahead for the industry at large.”
Following the announcement of the company’s “Promotion of CSR activities throughout the value chain” goal, Yokohama Rubber claims that it will step up and accelerate its efforts to promote activities that conform to its revised Procurement Policy for Sustainable Natural Rubber within its entire supply chain.
Read TTi’s interview with GPSNR’s Stefano Savi in the March 2021 issue.